Firstly, the company doesn't need to raise such a large amount of money now. A placement of ~$10m IMO would be on the cards. If no Aussie institutions are interested, then fine, issue some shares to the Chinese at a premium (this would not help with liquidity though).
Such a large-scale rights issue is very unlikely to happen as MR simply holds too many shares and would have to come up with too much $$.
section 18 , page-20
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